Ford is promising that more affordable EVs are coming soon. A new partnership will include two Ford-branded electric vehicles, but that’s just the start. Ford and Renault partner up on affordable EVs “We know we’re in a fight for our lives,” Ford’s CEO Jim Farley warned on Monday (via CNN) before announcing a landmark partnership…
OpenAI is hiring Slack CEO Denise Dresser as its new chief revenue officer. The news was first reported by Wired, then confirmed by OpenAI in a blog post. Dresser’s new role comes after more than 14 years at Salesforce, Slack’s parent company. While at Slack, Dresser oversaw the introduction of several AI features. OpenAI says…
NEW YORK — The author and philanthropist MacKenzie Scott revealed $7.1 billion in donations to nonprofits in 2025 Tuesday, marking a significant increase in her annual giving from recent years. Writing in an essay on her website, Scott said, “This dollar total will likely be reported in the news, but any dollar amount is a…
Rejoice, New Year’s dieters: Oreos are getting a sugar-free option. Mondelez said Tuesday that Oreo Zero Sugar and Oreo Double Stuf Zero Sugar will go on sale in the U.S. in January. They’re a permanent addition to the company’s Oreo lineup. It’s the first time Mondelez has sold sugar-free Oreos in the U.S. They’re already…
Eli Lilly and Company announced Tuesday it was investing more than $6 billion in a new manufacturing facility in Huntsville, Alabama. The next-generation synthetic medicine active pharmaceutical ingredient facility will produce small molecule synthetic and peptide medicines. It is the third of four new U.S. sites Lilly plans to announce. The site will be among…
Microsoft plans to invest $17.5 billion in India over the next four years, expanding its AI and cloud footprint in the South Asian nation, whose vast online and smartphone user base is turning it into a critical battleground for global tech companies. Announced on Tuesday, the investment — Microsoft’s largest in Asia — will fund…
Just three years since ChatGPT launched to the world, it has upended industries, accelerated scientific discovery, and sparked visions in which diseases are cured and workweeks shrink. Yet the same technology fueling those promises is also creating a host of new anxieties—and no one feels that more acutely than the man who helped unleash it….
The Powerball jackpot has climbed to an estimated $930 million — the seventh-largest jackpot in Powerball history — after no one won the grand prize on Monday night. That means there’s still a chance — one in about 292 million — that someone could take home the jackpot after Wednesday’s drawing. Unfortunately, a person is…
Candle Media’s Kevin Mayer, the former top Disney executive and CEO of TikTok, expects the Ellisons to raise their hostile offer for Warner Bros. Discovery as they attempt to woo shareholders away from Netflix. “There’s nothing but good news” here for Warner Bros. Discovery, he said at the UBS media conference. “The price is going…
Slack CEO Denise Dresser is leaving the company and joining OpenAI as the company’s chief revenue officer, multiple sources tell WIRED. Marc Benioff, the chief executive of Salesforce, which owns Slack, shared news of Dresser’s departure in a message to staff on Monday evening. At OpenAI, Dresser will manage the company’s enterprise unit, which has…
A 35-year-old California man who died aboard a Royal Caribbean cruise ship last year was served at least 33 alcoholic drinks at the ship’s bar, his family claims in a lawsuit. Michael Virgil of Moreno Valley boarded the Navigator of the Seas in Los Angeles on Dec. 13, 2024, with his fiancée, Connie Aguilar, and…
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Target has turned its store in New York City’s SoHo neighborhood into a unique concept store. Inside of an area that resembles the company’s Bullseye logo, the company has “The Drop,” a rotating display of seasonal styles and curated items. Courtesy of Target In one…
In this article FITB Follow your favorite stocksCREATE FREE ACCOUNT Regional bank Fifth Third on Tuesday announced a deal making fintech firm Brex the provider of its commercial cards and expense management tools for business clients. The program will run on Brex’s embedded payments platform, which lets banks issue corporate cards and automate expense reporting…
Ananym co-founder Charlie Penner has a record of successfully pushing for changes at large companies with small stakes © Mark Peterson/Redux The activist investor who masterminded Engine No. 1’s successful proxy fight against ExxonMobil has built a stake in Siemens Energy and is pushing the company to spin off its wind business. Ananym Capital, which…
Regulators say the probe will examine whether Google is imposing unfair terms on online publishers and content creators who upload videos on its YouTube platform © AFP/Getty Images Brussels has launched an investigation into whether Google is breaking competition law in how it uses material from publishers and content creators to train its artificial intelligence…
56 minutes ago Natalie ShermanBusiness reporter Warner Bros Discovery The fight in Hollywood to buy Warner Bros Discovery is shaping up to be a blockbuster. Paramount Skydance, backed by the billionaire Ellison family, has been wooing Warner Bros for months, hoping to join forces with the storied Hollywood name as the media company struggles to…
WASHINGTON — Commodity Futures Trading Commission Acting Chairman Caroline D. Pham today announced the launch of a digital assets pilot program for certain digital assets, including BTC, ETH, and USDC, to be used as collateral in derivatives markets; guidance on tokenized collateral; and withdrawal of outdated requirements given the enactment of the GENIUS Act. Today’s announcement…
A 35-year-old California man who died aboard a Royal Caribbean cruise ship last year was served at least 33 alcoholic drinks at the ship’s bar, his family claims in a lawsuit. Michael Virgil of Moreno Valley boarded the Navigator of the Seas in Los Angeles on Dec. 13, 2024, with his fiancée, Connie Aguilar, and…
WASHINGTON (AP) — The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support from fellow policymakers for a third straight interest rate cut. The Fed’s 19-member rate-setting committee is sharply divided over whether to lower borrowing costs again. The divisions have been exacerbated…
The EU has opened an investigation into Google over its artificial intelligence (AI) summaries which appear above search results. The European Commission said it would examine whether the firm used data from websites to provide this service – and if it failed to offer “appropriate compensation” to publishers. It is also investigating how YouTube videos…
AI coding-assistant startup Cursor isn’t just using artificial intelligence to help developers write code, it’s deploying AI across its own internal operations, CEO Michael Truell, told the audience at Fortune Brainstorm AI in San Francisco. Truell said the company had already automated roughly 80% of its employee support tickets with the help of the technology….
US President Donald Trump on Monday announced that Nvidia will be allowed to sell its powerful H200 chips to China — as first reported by Semafor — in exchange for a 25% surcharge, a move that will open up a huge market for the chipmaker while ensuring US technology remains the standard worldwide. Nvidia will…
JPMorgan said Marvell’s management told them their Microsoft and Amazon custom chip business is on track, contradicting other reports The latest release from the Marvell Chipematic Universe is out: JPMorgan analyst Harlan Sur hosted a meeting with Marvell Technology President and COO Chris Koopmans and Senior VP of Investor Relations Ashish Saran on Monday amid…
The new law, the first of many so-called omnibus simplification bills, will massively reduce the scope of corporate sustainability disclosure rules introduced in the last political term. The aim of the red tape cuts is to boost the competitiveness of European businesses and drive economic growth. The deal concludes a year of intense negotiations between EU decision-makers, investors, businesses and civil society, who argued over how much to reduce reporting…
Traders work on the floor of the New York Stock Exchange (NYSE) on Dec. 2, 2025 in New York City. Spencer Platt | Getty Images The S&P 500 closed relatively unchanged on Tuesday as Wall Street looked ahead to this week’s interest rate decision from the Federal Reserve. The broad market index traded around the…
China’s exports rebounded in November after an unexpected contraction the previous month, pushing its trade surplus past $1 trillion for the first time, according to data released Monday. Exports climbed 5.9% from a year earlier in November while imports rose just under 2%. The customs data released on Monday also showed that shipments to the…
The Federal Reserve will announce whether to cut interest rates at its December meeting, capping off a turbulent year for the U.S. economy defined by fresh labor market headwinds and tariff-fueled inflation that has deepened the nation’s affordability crunch. The U.S. central bank will have to make its decision without some key government data. Hiring…
Amazon’s self-driving robotaxi subsidiary, Zoox, expects to start charging passengers for rides in Las Vegas in early 2026, with paid rides in the San Francisco Bay Area coming later next year, a company executive said Monday. The move, which would represent a key milestone for Zoox as it seeks to catch up with Alphabet’s Waymo,…
IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology. The tech giant said it would offer $31 for each Confluent share, which is about 50% more than…
In this article CMCSA WBD NFLX PSKY Follow your favorite stocksCREATE FREE ACCOUNT Mike Cavanagh, President of Comcast Corporation attends the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. T Kevork Djansezian | Getty Images Comcast’s top brass on Monday pulled the curtain back on the company’s unsuccessful bid…
Ted Sarandos and Greg Peters aren’t worried about Paramount‘s hostile bid for Warner Bros. The Netflix co-CEOs addressed the elephant in the room right at the beginning of a session at a UBS conference in New York on Monday afternoon. “Today’s move was entirely expected,” Sarandos said. “We have a deal done, and we are…
Nadine YousifSenior Canada reporter Getty Images Canadian provinces have a strange problem: What to do with millions of dollars worth of American alcohol, pulled from the shelves in anger over US tariffs and now gathering dust in stock rooms? At least two provinces say the booze will go to a good cause, promising to sell…
WASHINGTON (TNND) — A divided Federal Reserve will meet this week where officials are expected to move forward with another small cut as they face a tricky dynamic with an economy sending mixed signals that has created a rift on what problems to prioritize while keeping the economy on track. Despite initial warnings another cut…